SB 354 DE
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO INSURANCE AND FINANCIAL INTERMEDIARIES
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
The bill clarifies that securities intermediaries and banks acting solely in administrative, trustee, or custodial capacities shall not incur liability for the receipt of insurance policy proceeds. The bill preserves recovery rights against investors and applies to actions brought on or after the bill's enactment date.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
This Act clarifies that a securities intermediary or bank acting solely in an administrative, trustee or custodial capacity shall not incur liability for receipt of policy proceeds. This Act also preserves recovery rights against investors and applies only to actions brought on or after the date of enactment of this Act into law.
Sponsor (1)
- Darius J. Brown Democratic · primary
Action history (1)
- Jun 30, 2026 Introduced and Assigned to Executive Committee in Senate · upper
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments